"Official" jobs report comes in 42% BELOW yesterday's headline-grabbing estimate. But don't worry...

Yesterday the shill firm ADP said the biden economy added 324,000 jobs last month.

The Mainstream Media dutifully crowed that this was absolutely faaaabulous!--proof dat duh great policies of duh preznit an' his brilliant VP an' Schumer and Adam Schiff and the crowd of faaabulous dem congresswhores were doing faaabulous things for 'Merkins!

I wrote about this yesterday, telling you the faaabulous jobs estimate was gonna turn out to be utter horseshit, and that the numbers released the next day by the Labor Department would be WAY worse.

And sure enough, today the official gruberment jobs report said the economy added...wait, how many jobs last month?

187,000.

Wait...Yesterday every.  Single.  Lying.  Mainstream Media outlet crowed about ADP's absurd fart that duh faaabulous Dem polices--"bidenomics"--created 324,000 jobs last month.  Last time I looked, 187,000 is WAY less than 324,000.  In fact it's over 40 percent less.  But you would never know that from the headlines in the Lying Mainstream Media!  

Here's the lying NY Times headline: 

"July jobs report: Pace of U.S. hiring slows but remains solid"

"Slows," eh?  "But remains solid," eh?  Let's see what other horseshit the Times throws at us:

The labor market moderated in July, reflecting a cooling economy.  BUT wages grew slightly more than expected...

OHhhh!  It "moderated," eh?  A "cooling economy," eh?  Jobs are over 40 percent below yesterday's rosy (i.e. bullshit) ADP prediction that grabbed all the headline, and the Times says "the labor market moderated--then quickly adding "BUT".

Here's shill Lydia DePillis:

"The U.S. economy continued to produce sturdy employment growth in July..."

"...it was the second straight month of gains below 200,000..."

“We are converging towards a more sustainable pace,” said a senior economist..."

"Most other industries were flat to negative. Manufacturing, which has quailed in the face of higher interest rates and a slowdown in goods consumption, has been essentially level since the beginning of the year."

When have you EVER seen the word "quailed" in a newspaper?  The bastards will do anything to keep readers from recognizing the truth that Democrat policies are crap.

"It appears that corporate leaders are avoiding cutting payrolls drastically even as business slows."

“For those who still believe that there may be a soft spot ahead, it’s going to be manageable,” said a chief economist... “It’s going to be short, it’s going to be shallow, so they’re not going to shed a bunch of workers.”

"Economic growth overall has remained vigorous, and it has become clearer that the prospect of an outright recession is remote, if not beyond the horizon entirely."

"Economic growth has remained vigorous," eh?  This is horseshit.  The shills at the Times claim job creation 40% below the forecast is "vigorous," eh?  But it gets even better!

"Each sign of weakness so far has seemed to find a counterbalance.  Rising interest rates deflated the tech industry, but laid-off workers quickly found jobs in other sectors. Business investment has been fading, BUT consumer spending has picked up the slack — even if much of it is going on credit cards."

Non-bullshit version: Business investment is falling drastically...but don't worry, citizen!  Cuz consumer spending is great!  Oh sure, damn near all of that faaabulous consumer spending is being put on credit cards, which will make bank earnings faaabulous!  And really, does anything else even matter?

The chief economist for [doesn't matter] says he thinks the worst is over.

Wait..."the worst is over"?  I thought the Times just told us everything was faaabulous!  How do they sneak in "the worst is over" when everything's been faaabulous?

“I’m guessing when we look back on this period in a year from now, we’ll say this was just a series of rolling recessions,” [expert says].  “There will be parts of the country that say, ‘That was a pretty rocky time.’ There will be other parts that say: ‘Recession? What recession?’”

"...a renewed flow of immigrants has eased some of the most acute shortages."

The obligatory bullshit that the U.S. just totally MUST have more illegal immigrants.

"There are other risks, including...the debt overhang from still-vacant commercial office buildings and the rising tide of loan defaults on risky loans.  That’s why most forecasters still expect very low to negative job growth toward the end of 2023..."

 Wait...What??  "Low to negative job growth toward the end of" this year?  I thought the Media has constantly been telling you the economy was BOOMING!   The entire Lying Mainstream Media has been saying that.  And in all the above you've seen example after example of the Times--40 paragraphs deep in the story, where no one ever reads--very quietly admitting that the economy is crap, but then instantly adding "BUT whut we jus' said is *really gud,* citizen!  Cuz reasons!"

If I had children or grandchildren I'd be mad as hell about the constant stream of devastating lies from what one observer called "state-run media."   Meanwhile the regime continues to shield Hunty and daddy from prosecution, while ensuring that the front-running GOP opponent is crippled with prosecutions likely to allow corrupt Democrat-ruled states to keep him off the ballot next year.

Source.

https://www.nytimes.com/live/2023/08/04/business/jobs-report-july-economy